Telus reported a fourth-quarter profit and revenue increase compared to the previous year, as detailed in a recent financial update. Meanwhile, California's insurance landscape is still reeling from the devastating wildfires, with insurers paying out $6.94 billion for residential and commercial claims and $73 million for auto claims as of February 5, 2025. The California FAIR Plan is struggling to manage the financial impact of these wildfires, leading to increased charges for most homeowners across the state. In response to the crisis, PG&E has requested California to expedite the reinforcement of the state's $21 billion insurance fund for utilities. PG&E also announced a record profit of $2.47 billion for 2024, marking its second consecutive year of record earnings, amid criticism for implementing six rate hikes over the same period. Other companies in the energy sector, such as TC Energy and Enbridge, have also reported strong quarterly profits, reflecting resilience in their operations despite the ongoing challenges in California's utility landscape.